Qatar's commercial banks' assets at $549bln in December 2024

Total domestic credit of the commercial banks increased by 4.2% year-on-year

Santhosh V. Perumal, Gulf Times

February 4, 2025

PHOTO

Qatar's commercial banks have assets valued at QR2.05tn in December 2024, a 3.9% increase on an annualised basis.

This was disclosed by the Qatar Central Bank in its social media handle X.

Total domestic credit of the commercial banks increased by 4.2% year-on-year to QR1.28tn in December 2024.

The commercial banks' total deposits expanded 2.4% on an annualised basis to QR826.7bn in the review period.

Broad money supply (M2) was, however, seen easing by 0.6% year-on-year to QR718.2bn in December 2024.

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